1947 Tech 🇮🇳: 182
1.‘They are unrecognisable’: Inside the ‘new’ SoftBank India of 2021
SoftBank, the Japanese investor who made billion-dollar cheques common, is now unrecognizable in India. The world’s most influential technology investor has been India’s most cautious and conservative late-stage investor this year. Why and how did this happen? Moneycontrol decodes previously unreported details on the inner workings of SoftBank India, Masayoshi Son’s ambitions and how the New SoftBank came to be.
2. Indian VC firms betting big on Web 3.0 startups
Indian venture capital firms are betting big on Web 3.0 startups as they view such companies as developers of products for the next stage of the internet, which is characterised by a decentralized online ecosystem based on blockchain technology.
Early-stage Indian VC firm Antler India, a unit of Singapore-based venture capital platform Antler, has committed to invest in 25–30 startups in the blockchain and Web 3.0 space in the next 2–3 years. It plans to deploy $100 million — $150 million in over 100 Indian startups over the next 3 years, of which up to $50 million is committed to the Web 3.0 space.
In an unprecedented year for the Web 3.0 space in India, Sequoia India has made about 20 investments in Web 3.0 startups including Betafinance, Clearpool, Coinshift, and Faze, through a combination of equity and token investments.
International funds have invested over $500 million this year in the Indian startup and blockchain ecosystem.
Worth your attention:
Falcon Edge may invest $100 million in Pine Labs ahead of mid-2022 IPO Link
Shiprocket closing $185 mn in Series E co-led by Zomato, Temasek, Lightrock Link
Flipkart, Walmart invest $145 million in Agritech platform Ninjacart Link
Amid Growing Competition, Rebel Foods To Invest $150 Million To Acquire More Brands Link
Urban Company valued at $2.8 billion after Esop sale Link
‘Disturbing’: Zerodha’s Nithin Kamath on start-ups incorporating outside India Link
Sequoia sees Indian financial firms value soar to $2.5 trillion Link
Digital Payments In India Will Reach $1 Trillion By FY26, Estimates CLSA Link
I’m All In, I Want To Build Navi For The Next 20 Years, Never Wanted To Sell Flipkart… Link